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[The following information applies to the questions displayed below] Wanting to finalize a sale before year-end, on December 29. WR Outfitters sold to Bob a

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[The following information applies to the questions displayed below] Wanting to finalize a sale before year-end, on December 29. WR Outfitters sold to Bob a warehouse and the land for $218,000 Note: Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount. a. What is Bob's basis in the warehouse and in the land if the appraised value of the warehouse was $117,000 and the appraised vatue of the land was $174,000 ? Wanting to finalize a sale before year-end, on December 29. WR Outfitters sold to Bob a warehouse and the land for $218,000. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. b. What would be Bob's basis in the warehouse and in the land if the appraised value of the warehouse was $92,000. and the appraised value of the land was $218,000 ? Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $218,000. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollarismount. c. Which of the following appraisais would Bob likely prefer? 1. The appraised value of the warehouse was $117,000, and of the land was $174,000. 2. The appraised value of the warehouse was $92,000 and of the land was $218,000

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